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  • 2005-2009  (32)
  • Kraan, Dirk-Jan  (16)
  • Price, Robert  (16)
  • Paris : OECD Publishing  (32)
  • 1
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    Improving public spending efficiency in primary and secondary education (2009)
    Paris : OECD Publishing
    In:  OECD journal: economic studies Vol. 2009, no. 1, p. 1-30
    Details
    ISSN: 1995-2856
    Sprache: Englisch
    Seiten: 30 p
    Titel der Quelle: OECD journal: economic studies
    Publ. der Quelle: Paris : Organisation for Economic Cooperation & Development, 2008
    Angaben zur Quelle: Vol. 2009, no. 1, p. 1-30
    Schlagwort(e): Economics
    Kurzfassung: Influenced by the perceived link between higher levels of educational attainment and growth, the education sector has seen significant reform efforts in recent years in a number of countries. Public spending in this sector has increased on average by one-fifth in real terms over the past decade and growth in terms of spending per student has also been marked in many countries (Figure 1, upper panel); governments in the OECD area now spend on average around 3% of GDP on primary and secondary education. However, a close correspondence between the level of resources and educational outcomes is difficult to demonstrate empirically: cross-sectional evidence reveals only a weak correlation between national spending per student or teaching resources and mean pupil performance in standardised tests (Figure 1, lower panels). Extra resources devoted to education do not automatically lead to commensurate improvements in outcomes.
    DOI: 10.1787/eco_studies-v2009-art4-en
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  • 2
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    L'exception néerlandaise (2009)
    Paris : OECD Publishing
    In:  Revue de l'OCDE sur la gestion budgétaire Vol. 4, no. 4, p. 121-146
    Details
    ISSN: 1684-3525
    Sprache: Französisch
    Seiten: 28 p
    Paralleltitel: Parallelausg. Typically Dutch
    Titel der Quelle: Revue de l'OCDE sur la gestion budgétaire
    Publ. der Quelle: Paris : OCDE, 2001
    Angaben zur Quelle: Vol. 4, no. 4, p. 121-146
    Schlagwort(e): Governance ; Netherlands
    Kurzfassung: Cet article a pour but de mettre en évidence quelques-unes des particularités des institutions et des politiques du secteur public néerlandais qui peuvent être qualifiées « d’exception néerlandaise » et qui, en outre, peuvent paraître mériter une étude approfondie, voire s’affirmer comme source d’inspiration dans les pays qui réfléchissent aujourd’hui sur la modernisation de leur secteur public. Ce dessein comporte deux limitations qui doivent être soulignées dès le départ.
    DOI: 10.1787/budget-v4-art18-fr
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  • 3
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    La procédure budgétaire en Slovénie (2009)
    Paris : OECD Publishing
    In:  Revue de l'OCDE sur la gestion budgétaire Vol. 4, no. 4, p. 65-114
    Details
    ISSN: 1684-3525
    Sprache: Französisch
    Seiten: 52 p
    Paralleltitel: Parallelausg. Budgeting in Slovenia
    Titel der Quelle: Revue de l'OCDE sur la gestion budgétaire
    Publ. der Quelle: Paris : OCDE, 2001
    Angaben zur Quelle: Vol. 4, no. 4, p. 65-114
    Schlagwort(e): Governance ; Slovenia
    Kurzfassung: La présente étude sur le système budgétaire slovène fait partie intégrante du Projet sur le budget du Groupe de travail des Hauts responsables du budget. Le projet sur le budget vise à mettre en place et renforcer des réseaux régionaux de hauts responsables du budget en dehors de la zone de l’OCDE. Cette étude a servi de base à l’examen du système budgétaire slovène lors de la première réunion du réseau des hauts responsables du budget d’Europe centrale et orientale, les 10 et 11 novembre 2004 à La Haye.
    DOI: 10.1787/budget-v4-art16-fr
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  • 4
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    Programme Budgeting in OECD countries (2008)
    Paris : OECD Publishing
    In:  OECD journal on budgeting Vol. 7, no. 4, p. 1-41
    Details
    ISSN: 1681-2336
    Sprache: Englisch
    Seiten: 42 p
    Titel der Quelle: OECD journal on budgeting
    Publ. der Quelle: Paris : Organisation for Economic Co-operation and Development, 2001
    Angaben zur Quelle: Vol. 7, no. 4, p. 1-41
    Schlagwort(e): Governance
    Kurzfassung: This article explores ways in which countries can reform their budget classification to focus more on results. It also examines the use of performance information in the budget process and its presentation in budget documentation. The article draws attention to the danger in overloading the documentation with performance information that plays no role in the budget process and thereby detracts from transparency rather than enhancing it.
    DOI: 10.1787/budget-v7-art18-en
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  • 5
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    Accounting for One-off Operations when Assessing Underlying Fiscal Positions (2008)
    Paris : OECD Publishing
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    Sprache: Englisch
    Seiten: 34 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.642
    Schlagwort(e): Economics
    Kurzfassung: Frequent recourse to large one-off operations in a number of OECD countries has undermined the accuracy of cyclically adjusted fiscal balances as a measure of both the sustainability of public finance and the fiscal stance. This paper first provides detailed information on the nature and amount of these one-offs for 9 OECD countries. The paper then presents a new indicator – the “underlying” fiscal balance – which effectively eliminates the impact of one-offs and cyclical developments. One-offs are derived as the deviations from trend in net capital transfers, i.e. from widely available national account data. This approach provides a consistent treatment of one-offs both across countries and over time, avoiding the potential information biases which could result from an individual identification of one-offs.
    DOI: 10.1787/236220765316
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  • 6
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    Budgeting in Russia (2008)
    Paris : OECD Publishing
    In:  OECD journal on budgeting Vol. 8, no. 2, p. 1-58
    Details
    ISSN: 1681-2336
    Sprache: Englisch
    Seiten: 58 p
    Titel der Quelle: OECD journal on budgeting
    Publ. der Quelle: Paris : Organisation for Economic Co-operation and Development, 2001
    Angaben zur Quelle: Vol. 8, no. 2, p. 1-58
    Schlagwort(e): Governance ; Russian Federation
    Kurzfassung: Russia’s budgeting procedures have been in transition since the adoption of the Budget Code in 1998. Major revisions of the Code were undertaken in 2003, 2004 and 2007. This article explores the many facets of budgeting in the Russian Federation, including budget formulation, parliamentary approval, budget execution, accounting and auditing, and financial relations between levels of government.
    DOI: 10.1787/budget-v8-art7-en
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  • 7
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    Monetary Policy, Market Excesses and Financial Turmoil (2008)
    Paris : OECD Publishing
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    Sprache: Englisch
    Seiten: 17 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.597
    Schlagwort(e): Economics
    Kurzfassung: This paper addresses the question of whether and how monetary policy ease may lead to excesses in financial and real asset markets and ultimately result in financial dislocation. It presents evidence suggesting that periods when short-term interest rates have been persistently and significantly below what Taylor rules would prescribe are correlated with increases in asset prices, especially as regards housing, though no systematic effects are identified on equity markets. Significant asset price increases, however, can also occur when interest rates are in line with Taylor rules, associated with periods of financial deregulation and/or innovation. The paper argues that accommodating monetary policy over the period 2002-2005, in combination with rapid financial market innovation, would seem in retrospect to have been among the factors behind the run-up in asset prices and consequent financial imbalances -- the (partial) unwinding of which helped trigger the 2007 financial market turmoil. Moreover, the paper points out that in certain situations policy rates may be a rather blunt tool for dealing with both the build-up and aftermath of financial imbalances, raising the question whether “macro-prudential” regulation could be useful.
    DOI: 10.1787/244200148201
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  • 8
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    Have Long-term Financial Trends Changed the Transmission of Monetary Policy? (2008)
    Paris : OECD Publishing
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    Sprache: Englisch
    Seiten: 38 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.634
    Schlagwort(e): Economics
    Kurzfassung: This paper addresses the question of whether and how long-term financial trends may have modified the transmission mechanism from monetary policy decisions to economic activity. The focus is on longterm changes, abstracting from the disruptions created by the 2007-08 financial turmoil which are temporarily affecting the transmission mechanism. The first series of findings is that a number of factors have worked to strengthen the transmission of monetary policy, including more competitive financial markets, higher household indebtedness, greater diversity in the supply of financial products, greater financial integration and more responsive asset pricing mechanisms. However, other factors appear to have simultaneously gone in the direction of weakening transmission of domestic policy, including greater external financial influences, lower exchange-rate pass-through and a broad-based shift towards fixed-rate assets and liabilities. On balance, monetary policy appears to remain a powerful tool for guiding aggregate demand, but a number of changes that have worked to support the strength of transmission have also increased risks to financial stability.
    DOI: 10.1787/238203348082
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  • 9
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    Budgeting in Estonia (2008)
    Paris : OECD Publishing
    In:  OECD journal on budgeting Vol. 8, no. 2, p. 1-40
    Details
    ISSN: 1681-2336
    Sprache: Englisch
    Seiten: 40 p
    Titel der Quelle: OECD journal on budgeting
    Publ. der Quelle: Paris : Organisation for Economic Co-operation and Development, 2001
    Angaben zur Quelle: Vol. 8, no. 2, p. 1-40
    Schlagwort(e): Governance ; Estonia
    Kurzfassung: Since independence, Estonia has been at the forefront of institutional reform in the area of financial management. Budget formulation is divided into two distinct stages: strategic planning and preparation of the annual budget that is submitted to Parliament. This article describes key characteristics of budgeting in Estonia, including the development of the State Budget Strategy, the parliamentary process, the organisation of budget execution, and systems for accounting and auditing.
    DOI: 10.1787/budget-v8-art8-en
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  • 10
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    Strategies for Countries with Favourable Fiscal Positions (2008)
    Paris : OECD Publishing
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    Sprache: Englisch
    Seiten: 35 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.655
    Schlagwort(e): Economics
    Kurzfassung: The financial crisis and economic downturn are going to weigh on fiscal positions in OECD countries over the short to medium-term, both through the operation of automatic stabilisers and the enactment of discretionary fiscal stimulus packages. However, the strategic policy options facing OECD countries are mainly determined by the soundness of their underlying fiscal positions which vary substantially. This paper first describes how OECD economies are situated with respect to underlying fiscal balances and net government debt. A number of countries seem to enjoy favourable fiscal positions with underlying fiscal surpluses, low government debt or even positive net financial asset positions. When taking account, as far as possible, of implicit liabilities associated with ageing populations and resource-based revenues, fiscal positions still vary greatly across countries. The paper then examines the criteria involved in deciding whether government financial asset accumulation is in excess of needs and the use to which any excess government saving might be put, whether increasing public spending or reducing taxes. Finally, the determinants of the optimal size of the government balance sheet for any given desired net debt position are discussed.
    DOI: 10.1787/230123832406
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  • 11
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    Budgeting in Hungary (2007)
    Paris : OECD Publishing
    In:  OECD journal on budgeting Vol. 6, no. 3, p. 1-61
    Details
    ISSN: 1681-2336
    Sprache: Englisch
    Seiten: 63 p
    Titel der Quelle: OECD journal on budgeting
    Publ. der Quelle: Paris : Organisation for Economic Co-operation and Development, 2001
    Angaben zur Quelle: Vol. 6, no. 3, p. 1-61
    Schlagwort(e): Governance ; Hungary
    Kurzfassung: This review of the Hungarian budget process was carried out in May 2006. The review covers budget formulation, budget execution, parliamentary approval, accounting and auditing, and sub-national financing. Hungary has modernised its budget process over the last ten years, first as part of the pre-accession programme and then, since EU accession in 2004, in connection with the Convergence Programme 2005-08. Nevertheless, there remain some shortcomings which include the focus on the actual (non-cyclically adjusted) deficit, the focus on the budget year rather than the medium term, the lack of rules of budgetary discipline, and the lack of transparency concerning forecasts and outcomes. Hungary’s long-term growth record and general economic outlook are good, but institutional reform to correct these shortcomings is important for fiscal consolidation and macroeconomic stability.
    DOI: 10.1787/budget-v6-art14-en
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  • 12
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    Budgeting in Turkey (2007)
    Paris : OECD Publishing
    In:  OECD journal on budgeting Vol. 7, no. 2, p. 7-58
    Details
    ISSN: 1681-2336
    Sprache: Englisch
    Seiten: 54 p
    Titel der Quelle: OECD journal on budgeting
    Publ. der Quelle: Paris : Organisation for Economic Co-operation and Development, 2001
    Angaben zur Quelle: Vol. 7, no. 2, p. 7-58
    Schlagwort(e): Governance ; Turkey
    Kurzfassung: The Turkish budget process has three features which set it apart from other OECD countries: a centralised yet fragmented decision-making process; the IMF stand-by agreement as a de facto fiscal rule; and a very detailed line-item classification. This article analyses these features and makes suggestions for policy adjustment to improve effectiveness and efficiency. The article examines all stages of the budget process (preparation, parliamentary approval, execution, and accounting and auditing) and assesses Turkey’s recent rapid progress with reform. The article offers suggestions for next steps and new priorities for Turkey in the light of other OECD country experience.
    DOI: 10.1787/budget-v7-art8-en
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  • 13
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    Public Spending Efficiency : Institutional Indicators in Primary and Secondary Education (2007)
    Paris : OECD Publishing
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    Sprache: Englisch
    Seiten: 51 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.543
    Schlagwort(e): Economics
    Kurzfassung: This paper presents composite indicators of the institutional and policy characteristics of educational systems, collated from the questionnaire responses of 26 Member countries. These indicators provide an overview of the institutional framework in the primary and secondary education sector and are constructed so as to be used for the analysis of international differences in spending efficiency. The key features of the institutional setting in the non-tertiary education sector are grouped under three headings: i) the ability to prioritise and allocate resources efficiently (through decentralisation and mechanisms matching resources to specific needs); ii) the efficiency in managing spending at the local level (through outcome-focused policies and managerial autonomy), and iii) the efficiency in service provision (through benchmarking and user choice). For each country, an intermediate indicator is computed for each of these six institutional properties. Composite indicators then combine the six intermediate indicators of spending efficiency into a single, aggregate measure. Results are presented and some of their implications are discussed. Overall, the characteristics of the institutional framework in the non-tertiary public education sector seem to be very favourable, compared to OECD average, in the United Kingdom, Australia, Norway, Denmark and the Netherlands, whereas results are less favourable for the Czech Republic, Greece, Luxembourg, Japan, Turkey, Hungary, Belgium (French speaking community), Switzerland and Austria.
    DOI: 10.1787/315010655867
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  • 14
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    Linkages Between Performance and Institutions in the Primary and Secondary Education Sector (2007)
    Paris : OECD Publishing
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    Sprache: Englisch
    Seiten: 47 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.558
    Schlagwort(e): Economics
    Kurzfassung: The efficiency of schools diverges dramatically across countries in the OECD and can also vary markedly within countries. These differences in levels of efficiency can be traced to policy and institutional settings. As such, moving to best practice could boost educational attainment and reduce pressure on budgetary resources. This paper assesses empirically the relationship between institutional and policy settings and the efficiency of public spending on primary and secondary education across OECD countries. The analysis builds on two previous papers, which respectively developed OECD-area indicators of educational efficiency based on PISA score data and institutional indicators based on questionnaire responses. The results identify a number of institutional and policy settings that appear conducive to raising efficiency, as well as policies that appear to be detrimental to achieving higher levels of efficiency.
    DOI: 10.1787/170826717775
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  • 15
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    Performance Indicators for Public Spending Efficiency in Primary and Secondary Education (2007)
    Paris : OECD Publishing
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    Sprache: Englisch
    Seiten: 67 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.546
    Schlagwort(e): Economics
    Kurzfassung: This paper assesses the potential to raise public spending efficiency in the primary and secondary education sector. Resource availability per pupil has increased significantly over the past decade in a number of countries; often in attempting to exploit the link between educational attainment and growth. However, available evidence reveals only a weak correlation between increased resource availability and pupil performance. In order to draw cross-country comparisons...
    DOI: 10.1787/285006168603
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  • 16
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    Factors Behind Low Long-Term Interest Rates (2006)
    Paris : OECD Publishing
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    Sprache: Englisch
    Seiten: 47 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.490
    Schlagwort(e): Economics
    Kurzfassung: Long-term bond yields have been low in recent years both in nominal and real terms, and . especially in the United States - they have reacted differently to shifts in monetary and fiscal stances relative to previous cycles. This article examines various possible explanations for this behaviour, such as the effects of changes in monetary policy frameworks on inflation and interest rate expectations; developments in ex ante saving-investment balances, and shifts in investors. portfolio preferences (including official reserve accumulation, .petro-dollar. recycling and pension fund demand for longer maturities). The paper finds that it is unlikely that any individual explanation can account for the level and profile of bond yields in recent years, but that an important element has been a compression in term premia, together with shifts in expected short rates. Even though bond yields have started to rise in the early part of 2006, they are unlikely to go back to the levels that prevailed in the 1980s or the early 1990s, as several of the factors that drove them lower are set to persist.
    DOI: 10.1787/761527811285
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  • 17
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    Intergovernmental Transfers and Decentralised Public Spending (2006)
    Paris : OECD Publishing
    In:  OECD journal on budgeting Vol. 5, no. 4, p. 111-158
    Details
    ISSN: 1681-2336
    Sprache: Englisch
    Seiten: 49 p
    Titel der Quelle: OECD journal on budgeting
    Publ. der Quelle: Paris : Organisation for Economic Co-operation and Development, 2001
    Angaben zur Quelle: Vol. 5, no. 4, p. 111-158
    Schlagwort(e): Governance
    Kurzfassung: Intergovernmental grants are used in many countries to finance subnational spending and to implement national policies. However, the governance of grants is complex, and practices vary widely across OECD countries. The aim of this article is to provide a study of grant design that will be useful to policy makers. The article attempts to integrate both theoretical and empirical insights from the fiscal federalism literature as well as information obtained directly from practitioners concerning their experiences with the implementation of different types of grants. A typology of grants is presented, as well as an overview of the purposes of grants. The article concludes with some principles of grant design and implementation issues.
    DOI: 10.1787/budget-v5-art24-en
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  • 18
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    Budgeting in Croatia (2006)
    Paris : OECD Publishing
    In:  OECD journal on budgeting Vol. 5, no. 4, p. 7-60
    Details
    ISSN: 1681-2336
    Sprache: Englisch
    Seiten: 55 p
    Titel der Quelle: OECD journal on budgeting
    Publ. der Quelle: Paris : Organisation for Economic Co-operation and Development, 2001
    Angaben zur Quelle: Vol. 5, no. 4, p. 7-60
    Schlagwort(e): Governance ; Croatia
    Kurzfassung: Since 2000, three consecutive governments in Croatia have focused their policies on modernising the public administration and reforming the budget process. This article examines the budget process in Croatia in the light of its two unique characteristics: a very detailed account structure, and a large number of extra-budgetary funds and quasi-fiscal activities of public enterprises. The steps in the annual budget process are described, including the roles of specific actors (budget users, line ministries, the Central Government Treasury), and the limited role of Parliament in the formulation of budget policy.
    DOI: 10.1787/budget-v5-art22-en
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  • 19
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    Typically Dutch (2006)
    Paris : OECD Publishing
    In:  OECD journal on budgeting Vol. 4, no. 4, p. 103-125
    Details
    ISSN: 1681-2336
    Sprache: Englisch
    Seiten: 25 p
    Paralleltitel: Parallelausg. L'exception néerlandaise
    Titel der Quelle: OECD journal on budgeting
    Publ. der Quelle: Paris : Organisation for Economic Co-operation and Development, 2001
    Angaben zur Quelle: Vol. 4, no. 4, p. 103-125
    Schlagwort(e): Governance ; Netherlands
    Kurzfassung: This paper aims to identify a few features of institutions and policies in the Dutch public sector that can be characterised as “typically Dutch” and that, moreover, may be considered as worthy of further thought, or perhaps even as a source of inspiration, for countries that are presently thinking about the modernisation of their public sector. This aim implies two limitations that ought to be emphasised at the outset...
    DOI: 10.1787/budget-v4-art23-en
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  • 20
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    Dépenses hors budget et dépenses fiscales (2006)
    Paris : OECD Publishing
    In:  Revue de l'OCDE sur la gestion budgétaire Vol. 4, no. 1, p. 143-170
    Details
    ISSN: 1684-3525
    Sprache: Französisch
    Seiten: 29 p
    Paralleltitel: Parallelausg. Off-budget and Tax Expenditures
    Titel der Quelle: Revue de l'OCDE sur la gestion budgétaire
    Publ. der Quelle: Paris : OCDE, 2001
    Angaben zur Quelle: Vol. 4, no. 1, p. 143-170
    Schlagwort(e): Governance
    Kurzfassung: Ce document rend compte des travaux qui ont été effectués par le Secrétariat de l’OCDE sur le projet de « dépenses hors budget et dépenses fiscales ». Il reprend des informations fournies lors d’une réunion d’experts tenue à Paris en février 2004.
    DOI: 10.1787/budget-v4-art6-fr
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  • 21
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    Off-budget and Tax Expenditures (2006)
    Paris : OECD Publishing
    In:  OECD journal on budgeting Vol. 4, no. 1, p. 121-142
    Details
    ISSN: 1681-2336
    Sprache: Englisch
    Seiten: 24 p
    Paralleltitel: Parallelausg. Dépenses hors budget et dépenses fiscales
    Titel der Quelle: OECD journal on budgeting
    Publ. der Quelle: Paris : Organisation for Economic Co-operation and Development, 2001
    Angaben zur Quelle: Vol. 4, no. 1, p. 121-142
    Schlagwort(e): Governance
    Kurzfassung: This paper reports the work that has been done by the OECD Secretariat on the project on off-budget and tax expenditures. The paper makes use of information that was provided at an expert meeting held in Paris in February 2004.
    DOI: 10.1787/budget-v4-art6-en
    URL: Volltext
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  • 22
    Online-Ressource
    Online-Ressource
    Les règles budgétaires s'appliquant aux collectivités territoriales (2006)
    Paris : OECD Publishing
    In:  Revue économique de l'OCDE Vol. 2005, no. 2, p. 153-197
    Details
    ISSN: 1684-3444
    Sprache: Französisch
    Seiten: 56 p
    Paralleltitel: Parallelausg. Sub-central government fiscal rules
    Titel der Quelle: Revue économique de l'OCDE
    Publ. der Quelle: Paris : OCDE, 1998
    Angaben zur Quelle: Vol. 2005, no. 2, p. 153-197
    Schlagwort(e): Economics
    Kurzfassung: Les règles qui limitent les pouvoirs discrétionnaires des responsables des politiques budgétaires sont aujourd’hui courantes dans les économies de l’OCDE, et le rôle croissant que jouent les institutions décentralisées dans l’offre des services publics a entraîné leur généralisation à l’échelon territorial. Des règles bien conçues permettent de tirer des gains d’efficience de l’autonomie locale tout en facilitant l’assainissement budgétaire, en amortissant les chocs économiques et en répondant aux objectifs de viabilité à long terme des finances publiques, tâches d’autant plus urgentes que, selon les prévisions, les services rendus par les collectivités territoriales seront de plus en plus sollicités du fait du vieillissement de la population.
    DOI: 10.1787/eco_studies-v2005-art6-fr
    URL: Volltext
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  • 23
    Online-Ressource
    Online-Ressource
    Interactions Between Monetary and Fiscal Policy : How Monetary Conditions Affect Fiscal Consolidation (2006)
    Paris : OECD Publishing
    Details
    Sprache: Englisch
    Seiten: 45 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.521
    Schlagwort(e): Economics
    Kurzfassung: This paper assesses how and in what circumstances, fiscal consolidations are affected by monetary conditions, using data covering 24 OECD countries over the past 25 years, Focusing on fiscal consolidation “episodes”, it is found that these tend to occur when large budget deficits threaten sustainability and usually when other macroeconomic indicators -- inflation, the exchange rate and unemployment -- suggest a “crisis” situation. After controlling for these factors, the paper finds strong econometric evidence that consolidation efforts are more likely to be pursued and to succeed if the monetary policy stance is eased in the initial stages of the episode, thus contributing to offsetting the contractionary impact of fiscal tightening. However, the link is far from mechanical and there are also counter-examples where monetary easing was followed by aborted consolidation efforts. Central bank independence explicitly precludes direct responses of monetary policy to fiscal actions. However, the paper also provides evidence that the indirect reaction of monetary policy and financial markets to fiscal consolidation may be influenced by the quality of fiscal adjustment, as short and long-term interest rates are more likely to fall during episodes characterised by greater reliance on current expenditure cuts. While this means that causality runs both ways, the paper provides evidence that, even after controlling for this proxy of fiscal adjustment quality, changes in monetary stance do affect the chances that a fiscal retrenchment plan will be successfully pursued.
    DOI: 10.1787/414663503428
    URL: Volltext
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  • 24
    Online-Ressource
    Online-Ressource
    Budgeting in Georgia (2006)
    Paris : OECD Publishing
    In:  OECD journal on budgeting Vol. 5, no. 4, p. 61-109
    Details
    ISSN: 1681-2336
    Sprache: Englisch
    Seiten: 50 p
    Titel der Quelle: OECD journal on budgeting
    Publ. der Quelle: Paris : Organisation for Economic Co-operation and Development, 2001
    Angaben zur Quelle: Vol. 5, no. 4, p. 61-109
    Schlagwort(e): Governance ; Georgia
    Kurzfassung: Following the Rose Revolution of November 2003, the government of Georgia has undertaken large reform initiatives in the area of fiscal policy. These efforts have focused on taxation, tax administration, and the budget process, including cash and debt management. A new budget system law became effective in January 2004, establishing a comprehensive framework for the functions and responsibilities of the Ministry of Finance and the spending agencies via a two-stage prioritisation process guided by the annual “Basic Data and Directions” document.
    DOI: 10.1787/budget-v5-art23-en
    URL: Volltext
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  • 25
    Online-Ressource
    Online-Ressource
    Sub-central government fiscal rules (2006)
    Paris : OECD Publishing
    In:  OECD journal: economic studies Vol. 2005, no. 2, p. 141-181
    Details
    ISSN: 1995-2856
    Sprache: Englisch
    Seiten: 51 p
    Paralleltitel: Parallelausg. Les règles budgétaires s'appliquant aux collectivités territoriales
    Titel der Quelle: OECD journal: economic studies
    Publ. der Quelle: Paris : Organisation for Economic Cooperation & Development, 2008
    Angaben zur Quelle: Vol. 2005, no. 2, p. 141-181
    Schlagwort(e): Economics
    Kurzfassung: Rules constraining the discretionary powers of budget policymakers have become widespread among OECD economies, and the expanding role played by decentralised institutions in providing public services has led to their increasing adoption at the sub-central level.
    DOI: 10.1787/eco_studies-v2005-art13-en
    URL: Volltext
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  • 26
    Online-Ressource
    Online-Ressource
    Budgeting in Switzerland (2006)
    Paris : OECD Publishing
    In:  OECD journal on budgeting Vol. 5, no. 1, p. 37-78
    Details
    ISSN: 1681-2336
    Sprache: Englisch
    Seiten: 43 p
    Titel der Quelle: OECD journal on budgeting
    Publ. der Quelle: Paris : Organisation for Economic Co-operation and Development, 2001
    Angaben zur Quelle: Vol. 5, no. 1, p. 37-78
    Schlagwort(e): Governance ; Switzerland
    Kurzfassung: The Swiss budgeting system is characterised by three special features: the political environment; the debt containment rule; and the nature of the federal budget as a transfer budget. Prominent features of the political environment are direct democracy, consensus and federalism.
    DOI: 10.1787/budget-v5-art3-en
    URL: Volltext
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  • 27
    Online-Ressource
    Online-Ressource
    Budgeting in Slovenia (2006)
    Paris : OECD Publishing
    In:  OECD journal on budgeting Vol. 4, no. 4, p. 55-98
    Details
    ISSN: 1681-2336
    Sprache: Englisch
    Seiten: 46 p
    Paralleltitel: Parallelausg. La procédure budgétaire en Slovénie
    Titel der Quelle: OECD journal on budgeting
    Publ. der Quelle: Paris : Organisation for Economic Co-operation and Development, 2001
    Angaben zur Quelle: Vol. 4, no. 4, p. 55-98
    Schlagwort(e): Governance ; Slovenia
    Kurzfassung: This review of the Slovenian budget system was carried out as part of the Budget Project of the Working Party of Senior Budget Officials (SBO). The Budget Project aims to initiate and foster regional networks of Senior Budget Officials outside the OECD area. This review served as a basis for the examination of the Slovenian budget system at the first meeting of the network of Senior Budget Officials of Central and Eastern Europe, held on 10-11 November 2004 in The Hague...
    DOI: 10.1787/budget-v4-art21-en
    URL: Volltext
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  • 28
    Online-Ressource
    Online-Ressource
    Intergovernmental Transfers and Decentralised Public Spending (2006)
    Paris : OECD Publishing
    Details
    Sprache: Englisch
    Seiten: 1 Online-Ressource (36 p.) , 21 x 29.7cm.
    Serie: OECD Working Papers on Fiscal Federalism no.3
    Schlagwort(e): Taxation
    Kurzfassung: Intergovernmental grants are used in many countries to finance sub-national spending and to implement national policies. However, the governance of grants is complex, and practices vary widely across OECD countries. The aim of this article is to provide a study of grant design that will be useful to policy makers. The article attempts to integrate both theoretical and empirical insights from the fiscal federalism literature as well as information obtained directly from practitioners concerning their experiences with the implementation of different types of grants. A typology of grant is presented, as well as an overview of the purposes of grants. The article concludes with some principles of grant design and implementation issues.
    DOI: 10.1787/5k97b11z2hxw-en
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  • 29
    Online-Ressource
    Online-Ressource
    Améliorer le rapport coût-efficacité des dépenses publiques : L'expérience des pays de l'OCDE (2005)
    Paris : OECD Publishing
    In:  Revue économique de l'OCDE Vol. 2003, no. 2, p. 125-184
    Details
    ISSN: 1684-3444
    Sprache: Französisch
    Seiten: 70 p
    Paralleltitel: Parallelausg. Enhancing the Cost Effectiveness of Public Spending: Experience in OECD Countries
    Titel der Quelle: Revue économique de l'OCDE
    Publ. der Quelle: Paris : OCDE, 1998
    Angaben zur Quelle: Vol. 2003, no. 2, p. 125-184
    Schlagwort(e): Economics
    Kurzfassung: Les dépenses publiques en proportion du PIB ont augmenté régulièrement dans la zone OCDE jusqu’au milieu des années 90, mais cette tendance s’est atténuée depuis. L’augmentation des dépenses résultant du développement continu des programmes sociaux a été en partie compensée par des facteurs temporaires ou ponctuels. Cependant, il est probable que les pressions sur les dépenses publiques vont s’intensifier, notamment sous l’effet du vieillissement des populations. Bien que les dépenses publiques aient un rôle à jouer dans la poursuite des grands objectifs...
    DOI: 10.1787/eco_studies-v2003-art10-fr
    URL: Volltext
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  • 30
    Online-Ressource
    Online-Ressource
    The Contribution of Housing Markets to Cyclical Resilience (2005)
    Paris : OECD Publishing
    In:  OECD journal: economic studies Vol. 2004, no. 1, p. 125-156
    Details
    ISSN: 1995-2856
    Sprache: Englisch
    Seiten: 44 p
    Paralleltitel: Parallelausg. La contribution des marchés du logement à la résilience économique
    Titel der Quelle: OECD journal: economic studies
    Publ. der Quelle: Paris : Organisation for Economic Cooperation & Development, 2008
    Angaben zur Quelle: Vol. 2004, no. 1, p. 125-156
    Schlagwort(e): Economics
    Kurzfassung: This paper examines the linkages between housing markets and the business cycle in OECD countries, focusing on how differences in the degree of resilience to economic shocks can be affected by the structural characteristics of housing and mortgage markets. The paper focuses specifically on: the transmission channel from housing wealth to consumption and on the factors behind house price variability, which help to determine whether the housing sector plays a stabilising role or not.
    DOI: 10.1787/eco_studies-v2004-art6-en
    URL: Volltext
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  • 31
    Online-Ressource
    Online-Ressource
    La contribution des marchés du logement à la résilience économique (2005)
    Paris : OECD Publishing
    In:  Revue économique de l'OCDE Vol. 2004, no. 1, p. 139-173
    Details
    ISSN: 1684-3444
    Sprache: Französisch
    Seiten: 48 p
    Paralleltitel: Parallelausg. The Contribution of Housing Markets to Cyclical Resilience
    Titel der Quelle: Revue économique de l'OCDE
    Publ. der Quelle: Paris : OCDE, 1998
    Angaben zur Quelle: Vol. 2004, no. 1, p. 139-173
    Schlagwort(e): Economics
    Kurzfassung: Les pays de l’OCDE ont témoigné de degrés variables de résilience économique au cours de la récente récession conjoncturelle, certains ayant négocié et surmonté mieux que d’autres une série de chocs communs. Dans une certaine mesure, les différences de résilience économique semblent liées à la performance des marchés du logement. En particulier, le dynamisme des prix immobiliers dans certains pays parait avoir dopé la consommation privée et la construction résidentielle et, par là même, contribué à compenser les faiblesses existantes dans d’autres secteurs. On constate que le cadre institutionnel des marchés du logement et des marchés hypothécaires détermine dans une large mesure non seulement l’efficience économique d’ensemble et les revenus réels, mais aussi la propagation des chocs et...
    DOI: 10.1787/eco_studies-v2004-art6-fr
    URL: Volltext
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  • 32
    Online-Ressource
    Online-Ressource
    Fiscal Rules for Sub-central Governments : Design and Impact (2005)
    Paris : OECD Publishing
    Details
    Sprache: Englisch
    Seiten: 77 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.465
    Schlagwort(e): Economics
    Kurzfassung: Against a background of mounting demands for spending on services provided by sub-central governments, this paper examines how fiscal rules can help to ensure that pressure on resources is minimised and available resources are used efficiently. Drawing on questionnaire responses and other sources, this paper gives a detailed picture of fiscal rules for sub-central governments in place among a number of OECD countries. The paper examines the rationales for using fiscal rules, the various impacts fiscal rules can have, the factors making for effective implementation and the interactions between the various types of rule. It then constructs a number of synthetic sub-indicators designed to assess the extent to which sub-central government fiscal frameworks exhibit favourable characteristics for the achievement of fiscal objectives. It concludes with the construction of a composite indicator based on the combined impacts in the different areas of fiscal policy.
    DOI: 10.1787/606015633336
    URL: Volltext
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